Veros Systems, founded in College Station in 2001, develops software that monitors electric motors and driven assets to detect faults. The company still operates a research-and-development office in College Station. It does not disclose the number of workers it employs, CEO Jim Dechman said.

In July 2013, it reported receiving $5.9 million of a planned $10.9 million funding from 15 investors, according to a filing with the U.S. Securities and Exchange Commission.

In August 2012, Veros Systems received the third tranche of a $1.5 million grant awarded in mid-2010 by the Texas Emerging Technology Fund, which is operated by the office of Gov. Rick Perry.